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The pizza tracker protocol for tax season and other solutions

April 18 marks the close of tax season 2023. This is a time for many practitioners to reflect on the past few months and decide what went well and w…

2 years, 11 months ago

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Employee retention credit and professional responsibilities

The employee retention credit (ERC), established in 2020 by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, a refundab…

2 years, 11 months ago

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Behind the scenes of disaster tax relief

Natural disasters create a great deal of anxiety for all involved. Disaster tax relief in the form of tax return delays and casualty loss provisions …

2 years, 11 months ago

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Tax season pulse check — ChatGPT, 1099-K and digital assets

Another busy season is upon the profession. With several tumultuous tax seasons in the recent past, the 2023 tax filing season is shaping up to be r…

3 years ago

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6 reasons an S corporation wouldn't need a PLR

Rev. Proc. 2022-19 appears in the Internal Revenue Bulletin 2022-41 for Oct. 11, 2022, and provides taxpayer assistance procedures to allow S corpor…

3 years ago

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Why tax is crucial to ESG principles

ESG is becoming an increasingly familiar acronym, standing for environmental, social and governance. Similarly, ESG analysis has become an increasin…

3 years, 1 month ago

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When to call an audible on the passthrough entity tax

The Tax Cuts and Jobs Act (TCJA), P.L. 115-97, imposed a $10,000 limitation on individual taxpayers for the deduction of state and local taxes (SALT)…

3 years, 1 month ago

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Uncovering the intricacies — Schedules K-2 and K-3

In December 2022, the IRS posted a revised draft version of the 2022 Partnership Instructions for Schedule K-2 and K-3 (Form 1065) and a similar revi…

3 years, 2 months ago

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Tax potpourri — Form 1099-K, Schedules K-2/K-3 and tax legislation

The end of the year is upon us. While the hustle and bustle of the holidays and winter hibernation sets in, April Walker, CPA, CGMA, Lead Manager — T…

3 years, 3 months ago

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Managing your risk with engagement letters

An engagement letter is an important written agreement that describes the business relationship and the types of services agreed upon by a client and…

3 years, 3 months ago

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